Looking to diversify beyond PCSGX? The mutual funds below have the lowest correlation with PCSGX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PCSGX.
Best Diversifiers for PCSGX
2 mutual funds have low correlation with PCSGX (below 0.3), 0 of which are negatively correlated. The least correlated is PACE Municipal Fixed Income Investments (PCMNX) (Municipal Bonds) with a 1Y correlation of 0.27, up from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PACE Municipal Fixed Income Investments | 0.27 | 0.16 | 0.14 | 74 | Municipal Bonds | PCSGX vs PCMNX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.28 | 0.36 | 0.42 | 92 | Emerging Markets Diversified | PCSGX vs EMPTX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.34 | 0.26 | 0.22 | 54 | Intermediate Core Bond | PCSGX vs PCGTX | |
| UBS US Dividend Ruler Fund | 0.74 | 0.75 | 0.77 | 56 | Large Cap Value Equities | PCSGX vs DVRUX | |
| UBS Global Allocation Fund | 0.74 | 0.76 | 0.79 | 71 | Global Allocation | PCSGX vs BPGLX |
See all 21 diversifiers for PCSGX
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